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Patent Rights Bill being drafted for Public funded Intellectual Property

Under the existing Government instructions to research institutions and universities on patent rights over inventions arising out of the Government funded research are assigned to the grantee institutions and they are permitted to retain the benefits and earnings arising out of the patent rights. This also ensures that scientists & research teams are named as inventors in all such patents. On commercialization of these patents, grantee institutes are allowed to share upto 1/3rd of accrued royalties and licensing fee benefits with inventors. A Bill for the protection and utilization of Public funded Intellectual Property is in draft stage which aimed at sharing of royalty with the inventors.

The Minister of Science & Technology and Earth Sciences Shri S.Jaipal Reddy gave this information in reply to a written question in the Lok Sabha today.

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Tags: Intellectual propertyLok SabhaMinister of Science & Technology and Earth SciencesPatentPublic funded Intellectual Property

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Comments

  1. R.Dayal says:

    Kindly bear in mind that it is the proprietary rights of patent which are affected if the invention is by an aided body. Of course the conditions of aid cannot be ignored and should be emphasised.
    This has dawned on alter the Novartis case.Priority cannot be ignored.

    Global rights have to be recognised with conditions for concessions on the product.

    Denying process or product protection will lead to confrontation on the front of manufacturers and goodwill and reputqtion acquired by them.

    How can one participate and work on it for the govt. on merits without being recommended by bigwigs and strictly on merits.

    Thanks

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